KRMD vs VXZ: Correlation
How closely do KORU Medical Systems, Inc. (KRMD) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KRMD and VXZ?
Across a 3-year window, the weekly returns of KRMD and VXZ correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.24) sits close to the 3-year figure. Stretching to 5 years gives -0.20, with an annualized covariance of -277.0 %².
Out of 10 assets tracked against KRMD, VXZ lands near the bottom at #9. The trailing year gives VXZ the advantage: -24.7% versus -16.1%, a 8.6-point spread. Note the risk asymmetry: KRMD runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
KRMD vs VXZ: side by side
| KRMD (KORU Medical Systems, Inc.) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | -24.7% | -16.1% |
| 5-year return | -0.3% | -53.1% |
| Volatility (ann.) | 48.9% | 25.6% |
| Beta vs S&P 500 | 0.80 | -1.31 |
| Max drawdown (3Y) | -58.0% | -36.4% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | – |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KRMD | VXZ |
|---|---|---|
| 2022 | +19.0% | +0.5% |
| 2023 | -31.2% | -44.0% |
| 2024 | +56.8% | -12.7% |
| 2025 | +50.9% | +5.7% |
| 2026 | -44.9% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KRMD and VXZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between KRMD and VXZ?
The KRMD/VXZ correlation stands at -0.22 on a 3-year window (1 year: -0.24, 5 years: -0.20), computed from weekly returns as of 2026-08-27.
Is VXZ a good diversifier for KRMD?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/krmd-vs-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/krmd-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KRMD correlations · VXZ correlations
